Author: Ogochukwu Ndubuisi

Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

Lagos Unveils Plan to Harmonise Revenue, Tax System

News

Lagos Unveils Plan to Harmonise Revenue, Tax System The Lagos State Government unveiled a plan on Thursday to simplify and harmonise its revenue and tax systems to stimulate development in the state. The Special Adviser to Gov. Babajide Sanwo-Olu of Lagos on Taxation and Revenue, Mr Abdul-Kabir Ogungbo, made the disclosure at a news conference in Lagos. Ogungbo said that Gov. Sanwo-Olu’s administration acknowledged that an enabling environment was critical for businesses to thrive. He noted that by streamlining processes, eliminating hurdles, and embracing technology, the state would create a more transparent and efficient system that promotes voluntary compliance. According…

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Naira Depreciates as FX Outflows Drag External Reserves

MarketNews

Naira Depreciates as FX Outflows Drag External Reserves The naira registered a steep value decline in the foreign exchange (FX) market due to increased demand for the US dollar for economic activities in the country. The exchange rate worsened at the official FX market on Thursday, and at the same time, Nigerian gross external reserves maintained a downward trend, registering 10 consecutive outflows.  The balance in external reserves fell to $36.453 billion, down by $419 million, from $36.872 billion on August 7, 2024. Though the Central Bank said Nigeria recorded an all-time high FX inflows in July, the condition in…

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Transcorp Hotels, Banks Stock Drag NGX Lower by N65bn

MarketNews

Transcorp Hotels, Banks Stock Drag NGX Lower by N65bn The equities market capitalisation of the Nigerian Exchange (NGX) declined by about N65 billion due to sharp selloffs in Transcorp Hotels, and bank shares on Thursday. The Nigerian Exchange All-Share index tumbled as the market recorded significant sell side activities in Zenith Bank, FBN Holdings, Transcorp Hotels, and other stocks. According to data from the local bourse, the All-Share Index decreased by 0.12 percent, losing 114 points to settle at 95,718.05, compared to Wednesday’s 95,831.51. As a result, the year-to-date return moderated to 28.01 percent, tracking at a distance from the…

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